# Paramount Syntex Limited: IPO analysis > Paramount Syntex Limited (CIN U17110MH1996PLC097972) has filed a Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of 64,40,000 shares, priced at ₹119.00 to ₹127.00 per share. In FY26 it reported revenue of ₹122 Cr (+8.6% on FY25) and a net profit of ₹14 Cr. Promoters hold 91.7% before the IPO. Our fact-check of its claims found no medium or high concerns across 32 claims checked. - Page: https://ipo.innerkore.com/company/U17110MH1996PLC097972/paramount-syntex-limited/ - CIN: U17110MH1996PLC097972 - Last updated: 5 Oct 2026 ## Key facts - **Company:** Paramount Syntex Limited - **CIN:** U17110MH1996PLC097972 - **Filing stage:** RHP - **Latest SEBI filing:** 5 Oct 2026 - **Price band:** ₹119.00 to ₹127.00 per share - **Bidding opens:** 30 Sep 2026 - **Bidding closes:** 6 Oct 2026 - **Listing on:** BSE - **Revenue FY26:** ₹122 Cr - **Revenue growth:** +8.6% - **Net profit FY26:** ₹14 Cr - **Revenue CAGR FY24 to FY26:** 14.7% - **Promoter holding (pre-IPO):** 91.7% - **Lead managers:** SOBHAGYA CAPITAL OPTIONS PRIVATE LIMITED - **Registrar:** U74899DL1994PTC060089 BIGSHARE SERVICES PRIVATE LIMITED - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Valuation** (looks fine): 16.9x P/E. From BSE's price band, on FY26 profit; 2.3x book value. - **Growth** (look closer): 14.7% a year. Sales FY24 to FY26; latest year +8.6%. - **Profitability** (looks fine): 11.4% net margin. FY26; operating margin improving. - **Debt** (looks fine): 0.33x equity. ₹33.3 crore borrowed at the end of FY26. - **Profit into cash** (look closer): 43% of profit. Operations brought in ₹5.9 crore against ₹13.9 crore of profit in FY26. - **One-off income** (look closer): 3% of profit. Other and one-off income is 3% of pre-tax profit; management describes 1 one-off item. - **Where the money goes** (looks fine): All new money. 100% is new shares issued by the company. (converted using BSE's price band) - **Red flags** (looks fine): None serious. 32 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; unspecified) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 93 | 112 | 122 | | Sales growth | – | 21.2% | 8.6% | | Operating profit | 9.5 | 13 | 24 | | Operating margin | 10.2% | 11.8% | 19.5% | | Net profit | 1.4 | 6.7 | 14 | | Net margin | 1.5% | 6.0% | 11.4% | | Net worth | 63 | 82 | 101 | | Borrowings | 33 | 33 | 33 | | Return on equity | 2.2% | 8.2% | 13.7% | ## Non-recurring items (as described by management) - The company explained that certain additions made for AY 2024-25 were one-time transactions relating to the conversion of directors’ loans into equity and acquisition of land against shares and do not recur in AY 2025-26. (p.288) ## Use of proceeds (fresh issue) - Funding of capital expenditure requirements of our Company towards purchase of Machinery at existing facilities.: ₹62 crore - General corporate purposes (1)(2): amount not fixed yet ## Fact-checked claims - **NONE** (PromoterBackground): Kumkum Arora was appointed as an Additional Director on July 24, 2020, and regularized in an EGM dated September 20, 2022.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about Kumkum Arora's appointment and regularization as an Additional Director in Paramount Syntex Limited. - **NONE** (PromoterBackground): The Managing Director is entitled to a salary up to ₹1,00,0/- (Rupees One Crores Only) per annum for a five-year tenure starting July 19, 2024.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the Managing Director's salary entitlement. - **NONE** (PromoterBackground): Shilpi Jain is an Independent Director who has been appointed as a Non-Executive Independent Director for a period of 5 years with effect from July 19, 2024.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim about Shilpi Jain's appointment as an Independent Director for Paramount Syntex Limited. - **NONE** (PromoterBackground): Manish Chhabra is an Independent Director who has been on the board since 2024.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Manish Chhabra has been on the board of Paramount Syntex Limited since 2024. - **NONE** (PromoterBackground): Mohit Bedi is an Independent Director who has been on the board since 2024.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Mohit Bedi is an Independent Director who has been on the board since 2024. - **NONE** (PromoterBackground): Sharad Kumar Srivastava is the Director and Chief Financial Officer and has been on the Board since 2016.. No current web search results were found to corroborate, contradict, update, or provide any new information regarding the claim that Sharad Kumar Srivastava is the Director and CFO of Paramount Syntex Limited and has been on the Board since 2016. - **NONE** (PromoterBackground): Kumkum Arora is the Whole Time Director and has been on the Board since 2020.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Kumkum Arora is the Whole Time Director and has been on the Board since 2020 for Paramount Syntex Limited. - **NONE** (PromoterBackground): Punit Arora is the Chairman and Managing Director and has been on the board since 2008.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Punit Arora is the Chairman and Managing Director of Paramount Syntex Limited and has been on the board since 2008. - **NONE** (SubsidiaryPerformance): Exports reached Rs. 37,31,000 crore (US$ 436.6 billion) in FY25, led by Engineering Goods (26.88%), Petroleum Products (13.86%), and Electronic Goods (8.89%).. No current web search results were found to corroborate, contradict, update, or provide any information regarding the reported export figures for Paramount Syntex Limited. - **NONE** (SubsidiaryPerformance): Real GDP for FY25 is estimated at Rs. 1,87,97,000 crore (US$ 2.20 trillion), growing by 6.5% from Rs. 1,76,51,000 crore (US$ 2.06 trillion) in FY24.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claimed Real GDP figures for FY25 and FY24 for Paramount Syntex Limited. - **NONE** (SubsidiaryPerformance): India is projected to reach a GDP of Rs. 4,26,45,000 crore (US$ 5 trillion) by 2027 and is on course to surpass Germany by 2028.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the projection of India's GDP reaching Rs. 4,26,45,000 crore by 2027 or surpassing Germany by 2028. - **NONE** (SubsidiaryPerformance): India's nominal Gross Domestic Product (GDP) was Rs. 3,31,3,000 crore (US$ 3.78 trillion) in Q1 FY23.. No web search results were found to corroborate, contradict, update, or provide any information regarding India's nominal GDP for Q1 FY23. ## Common questions ### How big is the Paramount Syntex Limited IPO? Paramount Syntex Limited's IPO comprises a fresh issue of 64,40,000 shares, according to its Red Herring Prospectus. The price band is ₹119.00 to ₹127.00 per share. ### What are Paramount Syntex Limited's revenue and profit? Paramount Syntex Limited reported revenue from operations of ₹122 Cr in FY26, +8.6% versus FY25. Net profit was ₹14 Cr (FY25: ₹6.7 Cr). Revenue grew at a compound rate of 14.7% a year from FY24 to FY26. Figures are read from the RHP, as printed there. ### How much do promoters own in Paramount Syntex Limited? Promoters hold 91.7% of Paramount Syntex Limited before the IPO. Largest holders listed: Punit Arora (88.5%); Kumkum Arora (3.2%). ### How will Paramount Syntex Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding of capital expenditure requirements of our Company towards purchase of Machinery at existing facilities. (₹62 Cr); General corporate purposes (amount not fixed yet). ### What are the red flags in Paramount Syntex Limited's RHP? We fact-checked 32 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Paramount Syntex Limited do? Here’s a detail about the IPO of Paramount Syntex that almost nobody noticed: there’s zero public record confirming Kumkum Arora’s appointment or regularization as an Additional Director in the company. ### Who manages the Paramount Syntex Limited IPO? Book running lead managers: SOBHAGYA CAPITAL OPTIONS PRIVATE LIMITED. Registrar to the offer: U74899DL1994PTC060089 BIGSHARE SERVICES PRIVATE LIMITED. Shares are proposed to list on BSE. ### Where can I read the original Paramount Syntex Limited IPO documents? All 1 filing for Paramount Syntex Limited (RHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Paramount Syntex Limited](https://www.bseindia.com/downloads/ipo/RHP&GID Paramount_280920261526.zip) (Red Herring Prospectus, filed 5 Oct 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.